Listings of Litecoin cryptocurrencies beginning of the current week can not be considered successful. The large supply gap caused the price to re-test the last local minima located in the price region of 145 dollars. If they are broken, the way to attack a key area around $ 100 opens up.

Figure 1. Technical analysis, litecoin, H1,19.03.2018

In the event of a downward scenario and a potential test of the support area of the support, it will be a good opportunity to take a long position.

Figure 2. Technical analysis, litecoin, H4,19.03.2018

An alternative scenario assumes defending the recent minima and increases at least closing the price gap around $ 160.

Risk Warning: The content of this analysis is for informational purposes only and does not constitute investment advice.

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